XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.24.3

STOCKHOLDERS' EQUITY | 9 Months Ended
--- | ---
Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY The changes of the Stockholders’ Equity items during the three and nine months ended September 30, 2024 and 2023, are as follows:
| BorgWarner Inc. stockholders' equity
(in millions) | Issued common stock |  | Capital in excess of par value |  | Treasury stock |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Noncontrolling interests |  | Total
Balance, June 30, 2024 | $ | 3 |  |  | $ | 2,645 |  |  | $ | (2,237) |  |  | $ | 6,620 |  |  | $ | (938) |  |  | $ | 192 |  |  | $ | 6,285 |
Dividends declared ($0.11 per share*) | — |  |  | — |  |  | — |  |  | (24) |  |  | — |  |  | (22) |  |  | (46) |
Issuance for executive stock plan, net of tax | — |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8 |
Issuance of restricted stock, net of tax | — |  |  | 4 |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Purchase of treasury stock | — |  |  | — |  |  | (304) |  |  | — |  |  | — |  |  | — |  |  | (304) |
Net earnings | — |  |  | — |  |  | — |  |  | 234 |  |  | — |  |  | 15 |  |  | 249 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | 130 |  |  | 11 |  |  | 141 |
Spin-Off of PHINIA | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
Balance, September 30, 2024 | $ | 3 |  |  | $ | 2,657 |  |  | $ | (2,536) |  |  | $ | 6,840 |  |  | $ | (808) |  |  | $ | 196 |  |  | $ | 6,352 |
| BorgWarner Inc. stockholders' equity
(in millions) | Issued common stock |  | Capital in excess of par value |  | Treasury stock |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Noncontrolling interests |  | Total
Balance, June 30, 2023 | $ | 3 |  |  | $ | 2,657 |  |  | $ | (2,007) |  |  | $ | 7,796 |  |  | $ | (898) |  |  | $ | 230 |  |  | $ | 7,781 |
Dividends declared ($0.11 per share*) | — |  |  | — |  |  | — |  |  | (26) |  |  | — |  |  | (5) |  |  | (31) |
Issuance for executive stock plan, net of tax | — |  |  | 10 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |
Issuance of restricted stock, net of tax | — |  |  | 13 |  |  | (3) |  |  | — |  |  | — |  |  | — |  |  | 10 |
Net earnings | — |  |  | — |  |  | — |  |  | 50 |  |  | — |  |  | 18 |  |  | 68 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | (4) |  |  | (5) |
Spin-Off of PHINIA | — |  |  | — |  |  | — |  |  | (1,810) |  |  | (16) |  |  | — |  |  | (1,826) |
Balance, September 30, 2023 | $ | 3 |  |  | $ | 2,680 |  |  | $ | (2,010) |  |  | $ | 6,010 |  |  | $ | (915) |  |  | $ | 239 |  |  | $ | 6,007 |
| BorgWarner Inc. stockholders' equity
(in millions) | Issued common stock |  | Capital in excess of par value |  | Treasury stock |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Noncontrolling interests |  | Total
Balance, December 31, 2023 | $ | 3 |  |  | $ | 2,689 |  |  | $ | (2,188) |  |  | $ | 6,152 |  |  | $ | (828) |  |  | $ | 238 |  |  | $ | 6,066 |
Dividends declared ($0.22 per share*) | — |  |  | — |  |  | — |  |  | (74) |  |  | — |  |  | (89) |  |  | (163) |
Issuance for executive stock plan, net of tax | — |  |  | (14) |  |  | 21 |  |  | — |  |  | — |  |  | — |  |  | 7 |
Issuance of restricted stock, net of tax | — |  |  | (18) |  |  | 35 |  |  | — |  |  | — |  |  | — |  |  | 17 |
Purchase of treasury stock | — |  |  | — |  |  | (404) |  |  | — |  |  | — |  |  | — |  |  | (404) |
Net earnings | — |  |  | — |  |  | — |  |  | 743 |  |  | — |  |  | 44 |  |  | 787 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | 3 |  |  | 23 |
Spin-Off of PHINIA | — |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | — |  |  | 19 |
Balance, September 30, 2024 | $ | 3 |  |  | $ | 2,657 |  |  | $ | (2,536) |  |  | $ | 6,840 |  |  | $ | (808) |  |  | $ | 196 |  |  | $ | 6,352 |
| BorgWarner Inc. stockholders' equity
(in millions) | Issued common stock |  | Capital in excess of par value |  | Treasury stock |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Noncontrolling interests |  | Total
Balance, December 31, 2022 | $ | 3 |  |  | $ | 2,675 |  |  | $ | (2,032) |  |  | $ | 7,454 |  |  | $ | (876) |  |  | $ | 284 |  |  | $ | 7,508 |
Dividends declared ($0.45 per share*) | — |  |  | — |  |  | — |  |  | (105) |  |  | — |  |  | (63) |  |  | (168) |
Issuance for executive stock plan, net of tax | — |  |  | 10 |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 15 |
Issuance of restricted stock, net of tax | — |  |  | (3) |  |  | 17 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Purchase of noncontrolling interest | — |  |  | (2) |  |  | — |  |  | — |  |  | — |  |  | (13) |  |  | (15) |
Net earnings | — |  |  | — |  |  | — |  |  | 471 |  |  | — |  |  | 49 |  |  | 520 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (23) |  |  | (18) |  |  | (41) |
Spin-Off of PHINIA | — |  |  | — |  |  | — |  |  | (1,810) |  |  | (16) |  |  | — |  |  | (1,826) |
Balance, September 30, 2023 | $ | 3 |  |  | $ | 2,680 |  |  | $ | (2,010) |  |  | $ | 6,010 |  |  | $ | (915) |  |  | $ | 239 |  |  | $ | 6,007 |
__________________________________ * Per share dividends amount declared relate to BorgWarner common stock.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration